Gold, page-3325

Hi Timber and all,

If we are doing questions I wonder if you could help me out. If they stop redemptions in USA fund and investors are unable to get their money back how does this differ to the problems bank depositors in Cyprus had? Is not lost money just the same in any currency or jurisdiction. Lost!!!

“Third Avenue Management told investors on Wednesday it is liquidating and blocking further redemptions after months of heavy losses and elevated requests from investors for their money back. The fund shrank from $2.1 billion in July to just $788 million on Thursday, according to Morningstar.”

http://money.cnn.com/2015/12/11/investing/junk-bond-fund-blows-up-third-avenue/

And Biggle’s sorry I owe you an s from the previous post.

If things are going so well in the USA why have more companies defaulted on their debt in 2015 than in 2009 as Standard and Poor’s asks in the above linked article?

Cheers and very best regards: Andy